What in the blazes is going on?! By the looks of things, it appears We On The Verge Of A Massive Emerging Markets Currency Collapse. Citigroup agrees saying Emerging Market Currencies Headed for More Losses. and Jim Sinclair seems to be right on queue as well saying that US Major Markets Will Implode If Emerging Markets Implode.
You don’t need you’re reading glasses on to see this happening – Take a look at Argentina, Turkey, South Africa, Ukraine, Chile, Indonesia, Venezuela, India, Brazil, Taiwan and Malaysia just to name a few. Their currencies are dropping every day. And speaking of which… Shock And Awe From Turkey Which Hikes Overnight Rate By 4.25% To 12%, Blows Away Expectations and now Nigeria Central Bank to Shift Reserves Into Yuan From Dollars.
How would it feel to wake up and know your dollar has lost 10% or more as inflation and interest rates continue to rise? This is exactly what we need to be preparing for my friends because it’s happening.
There are so many questions on my mind this morning… “Why are top level banking executives committing suicide? I mean, how can you be making a few hundred thousand dollars a year and decide… I’m’ going to jump from the roof of my bank and end it all? I think there is something so wrong and so hidden from the masses, but as move closer to that abyss that I’ve been talking about, we will all find out.
Also, why did a Russian Bank Halt All Cash Withdrawals? And The Federal Government Forcing Employees’ 401K Funds Into Treasuries. And lets not overlook Obama To Unveil Treasury IRAs, Or Planning For A Post-Monetization World. Could you be next? Could your IRA’S be next? Do you want to hang around and find out? I certainly don’t. That’s why I’ve been screaming at the top of my keyboard to take a few minutes and call me – lets figure this stuff out together – you don’t have to go at this alone.
Forget for a moment about going to work to try and make a buck. Use a sick day and stay home and study this stuff like I do to try and save your bucks – This is critically important as we move forward. Remember blaming your brokers in 2008? But at the end of the day, you still got a 40% haircut in your portfolio right? This is the time to take these matters into your own hands my friends… literally into your own hands by acquiring all the hard assets you can until all the fires are out and the smoke has cleared.
You should be studying Gold, Silver and Diamonds as a whole. As the end game draws near, you’re all need to adjust your strategy with regards to your percentage of allocation in hard assets. Some investment advisers say 5% in hard assets HUH! BS. They make their money selling paper! Come on guys, Do not wait to see what happens because it’s going to be much worse than 2008. I am urging all my readers to shift heavily towards hard assets and quickly.
I recommend a healthy allocation to 40-50% hard asset allocation and most of that should be in diamonds because currencies, stocks, gold & silver will continue to be volatile –
Do not get me wrong friends, I have not changed, shifted gears or have become a silver bear – I am just learning of other investment instruments that are a lot less volatile so…Yes, an appropriate allocation to stocks, gold and silver is very important, but you will have a heck of a lot less volatility in rare fancy colored diamonds – that’s all i’m saying.
Look, Richard Russell, the godfather of newsletters says Stocks To Crash As U.S. Lies To Its People and Michael Pento is saying that 2014 Is Quickly Turning Into A Hellish & Terrifying Year are they right? Heck yes they are – and we will all soon see just how right they are…
IMPORTANT: Click on the image of the diamonds and it will redirect you to a secure page where a brief 6 minute, very informative video will play for you and give you some information on a growing trend that you don’t want to miss – This video will help educate you on the reasons why people are turning to fancy colored diamonds as a way to protect their wealth.
Then, pick up the phone and call me so I can help answer your questions and provide you with more information on this growing trend.
Clive Maund’s Silver Update says “While gold has rallied across its downtrend channel in recent weeks to arrive at its top boundary, silver has arrived at the upper boundary of its channel by limping sideways. Next week is decision time – either it breaks out upside from the channel or it drops into another down-leg. The technicals suggest that it will do the latter, but also that this will likely mark the drop into the final low before an important reversal to the upside takes place.”
David Morgan: ‘The Silver Bottom Is In: Time to Hold, Add and Ride It Out’ – When the bulls are running for the doors, that is a sign that we have hit bottom and wise investors should hold on to their portfolios for the ride up, says Silver-Investor.com Editor David Morgan in this interview with The Gold Report. It may take a couple of resource war-addled years for gold and silver prices to move back to profitable levels, but the right companies could make money all the way up.